General Knowledge for IBPS Specialist Officer

I have applied for IBPS Specialist Officer Exam this year. I have completed syllabus of English, Mathematics and Reasoning and now will start preparation of General Knowledge Section. So will you provide important questions of General Knowledge section for IBPS Specialist Officer Exam?

As you are looking for important questions for General Knowledge section for IBPS Specialist Officer Exam, so here I am providing following questions:

The General Knowledge section contains following topics:
Current Affairs of last six months especially reference to Banking Industry.
Questions on Indian Economy
UNO
Marketing
Finance
History of Banking
Banking Terms
International Economy
Awards & Honors Sports
Countries / currencies
Indian Constitution Questions
Books & Their Authors
Agriculture
RBI Functions, Fiscal-Monetary Policies, etc.

General Knowledge Questions for IBPS Specialist Officer Exam
1. The Reserve Bank of India (RBI) recently released the final guidelines on computing interest rates on advances based on which method?
a) The Marginal Cost of Funds Methodology
b) Base Rate Methodology
c) Benchmark Prime Lending Rate Methodology
d) Asset Liability Management Methodology 1

2. By what percentage the Federal Reserve of US recently increased the interest rate for the first time since 2006?
a) 0.25%
b) 0.50%
c) 0.75%
d) 1.00%
3. What is the amount of loan granted by the World Bank recently for Clean India Campaign?
a) 1.6 Billion US dollars
b) 2 Million US dollars
c) 1.5 Billion US dollars
d) 1.8 Million US dollars

4. Who of the following will chair the task force that was constituted recently by Maharashtra Government for setting up an International Financial Service Centre (IFSC) in Mumbai?
a) Poonam Mahajan
b) Swadheen Kshtriya
c) Nitin Kareer
d) Jayant Sinha

5. Which multilateral agency in December 2015 released the report entitled Shock Waves: Managing the Impacts of Climate Change on Poverty?
a) International Monetary Fund
b) World Bank
c) World Trade Organisation
d) Asian Development Bank

6. The Reserve Bank of India decided to grant in principle approval to which company to function as Bharat Bill Payment Central Unit in Bharat Bill Payment System?
a) National Payments Corporation of India
b) MPP Global Solutions
c) Payments Corporation of India
d) Indian Corporation of Payments

7. The Reserve Bank of India (RBI) permitted the Foreign Portfolio Investors (FPI) to buy fully or partly defaulted bonds under sections 10(4) and 11(1) of which Act?
a) The foreigners act, 1946
b) Foreign Exchange Management Act, 1999
c) Foreign (Contribution) Regulation Act, 2010
d) Undisclosed Foreign Income and Assets (Imposition of Tax) Act, 2015

8. The Securities and Exchange Board of India (SEBI) signed Memorandum of Understanding with which organisation on bilateral cooperation and technical assistance?
a) Bangladesh Securities and Exchange Commission
b) Johannesburg stock exchange board
c) London Stock Exchange
d) Moscow Exchange MICEX-RTS

9. Name the Indian scientist who was appointed as the member of 16-member high-level panel on health technology innovation and access by UN chief Ban Ki-moon recently.
a) Anil Kakodkar
b) Yusuf Hamied
c) Vikram Sarabhai
d) Salim Ali

10. Which of the following UN agency was chosen for the 2015 Indira Gandhi Prize for Peace, Disarmament and Development?
a) UNHCR
b) WHO
c) UNICEF
d) UN Women

11. The Union Human Resource Development Minister Smriti Irani launched which mobile app to host educational resources for Students, Teachers, Parents, Researchers and Educators?
a) e-Shiksha
b) e-Pathshala
c) e-Gyan
d) e-Granth

12. Who among the following was appointed as the Vice-Chairman on the Board of Directors of Bank for International Settlements (BIS)?
a) Dr Raghuram Rajan
b) Subir Gokarn
c) Dr C Rangarajan
d) Dr Y V Reddy

13. Identify the bank. It signed an MoU with the London Stock Exchange Group recently to list its green bonds worth 330 million pounds.
a) HDFC Bank
b) State Bank of India
c) Yes Bank
d) IDFC Bank

14. The Union Government on 9 November 2015 signed 273 million US dollar loan agreement with which overseas bank to continue improving rural roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal?
a) International Monetary Fund
b) World Bank
c) Swiss Bank
d) Asian Development Bank

15. Reserve Bank of India recently extended the deadline for exchanging pre-2005 currency notes of various denominations till:
a) 31-Jan-16
b) 31-Mar-16
c) 30-Apr-16
d) 30-Jun-16

Answer Sheet:
Que. Ans.
1. a
2. a
3. c
4. d
5. b
6. a
7. b
8. a
9. b
10. a
11. b
12. a
13. c
14. d
15. d

Indus Water Treaty is a pact on sharing of river water between India and—
(A) Bangladesh
(B) Pakistan
(C) Nepal
(D) Afghanistan
(E) Myanmar
Ans : (B)

Which of the following is not a banking related term ?
(A) Radiation
(B) Outstanding amount
(C) Benchmark Prime Lending Rate
(D) Explicit Guarantee
(E) Creditor
Ans : (A)

Insurance service provided by various banks is commonly known as—
(A) Investment Banking
(B) Portfolio Management
(C) Merchant Banking
(D) Bancassurance
(E) Micro Finance
Ans : (D)

Moortidevi Award is given for excellence in the field of—
(A) Classical dance
(B) Literature
(C) Classical music
(D) Cinematography
(E) Social service
Ans : (B)

Which of the following terms is used in the game of Cricket ?
(A) Love
(B) Tee
C) Penalty stroke
(D) No Ball
(E) None of these
Ans : (D)

Bring out the only incorrect statement:
(A) Reserve Repo operation by RBI aims are injecting/increasing liquidity
(B) SDR refers to special drawing
(C) Rupee appreciation results in decrease in imports
(D) Increase in inflation rate leads to decline in real interest rate

What is a Repo Rate?
(A) It is a rate at which RBI sell government securities to banks
(B) It is a rate at which banks borrow rupees from RBI
(C) It is a rate at which RBI allows small loans in the market
(D) It is a rate which is offered by Banks to their most valued customers or prime customers
(E) None of these

Which of the following cannot be called as a Debt Instrument as referred in financial transactions?
(A) Certificate of Deposits
(B) Bonds
(C) Stocks
(D) Commercial Papers
(E) Loans

Whenever RBI does some Open Market Operation Transaction, actually it wishes to regulate which of the following?
(A) Inflation only
(B) liquidity in economy
(C) Borrowing powers of the banks
(D) Flow of Foreign Direct Investments
(E) None of these

The maximum amount of the total Revenue earned by the government of India comes from:
(A) Income Tax
(B) Customs Duty
(C) Excise Duty
(D) Value Added Tax
(E) Corporate Tax

In economics it is generally believed that the main objective of a Public Sector Financial Company like Bank is to:
(A) Employ more and more people
(B) Maximize total profits
(C) Maximize total production
(D) Provide financial service to the people of the nation of its origin across the country
(E) Sell the goods at subsidized cost

__________________
Answered By StudyChaCha Member